Liteboxer announced the completion of a $ 20 million Series A financing round. In addition to the existing investor Raptor Group and Will Ventures, B. Riley Venture Capital is also participating in the smart boxing device.
Liteboxer – the peloton for boxing
Liteboxer was presented in July 2020. The device, which is intended for training at home, brings gamification, hit music and a touch of entertainment to boxing training. With patented hardware, includes a lighting system that couples with the Msuik and enables the user to do intensive training that should feel more like fun and games than hard work. It is struck according to the beat of the music and exactly at the point where the light goes out.
Who the Liteboxer for $ 1,495 buys, receives in addition to the device itself a pair of gloves, a pair of curlers, free shipping and a 3-month trial membership. The latter then costs US $ 29 per month. With this membership, users get access to unlimited training sessions and workouts led by Liteboxer trainers. In addition, the device also has a Quick Play option, which dispenses with the trainer content and allows users to train independently based on the selected song.
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